Prestige Options

Our Prestige Options provide you with a tax-free, one-off cash payment that is yours to do whatever you like with.

How does it work?

Our Prestige Options allow you to take out a one-off cash payment, without needing to make any payments. Instead, the interest rolls-up and is added to the mortgage each month.

These options are designed for high value loans, so if you would like to release between £250,000 and £2 million, they could be the right choice for you. 

Cash reserve facility

If you think that you might want to borrow more money in the future, you can add a cash reserve facility to your lifetime mortgage at the outset. This means that you can withdraw further funds, without having to take financial advice. Your financial adviser will be able to talk you through this in further detail.

Early Repayment Charges

If you decide to repay your mortgage, you may incur an Early Repayment Charge. Our Early Repayment Charges are fixed.


The interest rates on our Prestige Options are currently:

Product Monthly interest rate (MER) Annual interest rate (AER)
Prestige 5.17% 5.29%

To find out more information about what a lifetime mortgage is, and for further details about our products, you can download our Guide to Equity Release.

To see how you can use both your property and your pension to get the most out of your retirement, you can also download a copy of our Home is where the wealth is report.